Category: Technial Analysis

AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to rebound from 5/8 and then resume falling to reach the support at 3/8. However, this scenario may no longer […]

Type: Bearish ContinuationKey Levels:Resistance: 15254Pivot:Support:Preferred Case:With price moving below the Ichimoku cloud, we are biased that price retest at our pivot of 14478 in line with the 38.2% Fibonacci retracement and horizontal overlap resistance and dip to our 1st support at 13843 in line with the horizontal swing low support and 61.8% Fibonacci projection level.Alternative […]

Type: Bearish ContinuationKey Levels:Resistance: 154’04Pivot: 153’15Support: 151’04Preferred Case:With price moving below the Ichimoku cloud, we are biased that price retest at our pivot of 153’15 in line with the 50% Fibonacci retracement and horizontal overlap resistance and dip to our 1st support at 151’04 in line with the horizontal swing low support and 78.6% Fibonacci […]

EURUSD, “Euro vs US Dollar” As we can see in the daily chart, the asset is quickly correcting to the upside after convergence on MACD. After reaching and testing 23.6% fibo, the pair has started a slight pullback within this correctional uptrend. After this pullback is over, the price may form another rising impulse towards […]

EURUSD, “Euro vs US Dollar” Having completed another descending structure at 1.1280, EURUSD is expected to grow towards 1.1334 and then fall to reach 1.1307, thus forming a new consolidation range between the two latter levels. If the price breaks the range to the upside, the market may form one more ascending structure with the […]

Oil prices deepened their losses by about 3.5% during trading on Tuesday, with Brent crude falling below $ 93 a barrel, with signs of easing geopolitical tensions between Russia and Ukraine. The Russian Defense Ministry announced the return of some of its forces to their bases after carrying out exercises in the southern and western […]

Type: Bearish ReversalKey Levels:Resistance: 1889.8Pivot: 1880.5Support: 1853.4Preferred Case:Prices are at a recent high and also a strong graphical resistance. We see the potential bearish reversal from our Pivot at 1876.7 in line with 100% Fibonacci extension towards our area of 1st support at 1853.4 in line with 127.2% Fibonacci Projection and 23.6% Fibonacci retracement. Our […]

CitiEuropean OpenA relatively quiet morning in Asia that saw DXY slightly lower after continuing its grind higher post the European close. UST yields were down in Asian trading by a tad as well, following yesterday’s spike in yields following Bullard’s comments yesterday. G10 currencies were stronger against the dollar generally, while equity markets remained volatile. […]

• GER50 reversed from support zone • Likely to rise to resistance level 34000.00 GER50 index recently reversed up from the support zone located between the key support level 32120.00 (which stopped wave (C) in January) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Hammer reversal signal […]

• NZDCHF reversed from support zone • Likely to fall to resistance level 0.6200 NZDCHF currency pair recently reversed up from the support zone located between the key support level 0.6100 (which has been reversing the pair from the start of January) and the lower daily Bollinger Band. The upward reversal from this support zone […]